Ionic Capital Management LLC (New York)

Name: Ionic Capital Management LLC
Address: 475 Fifth Avenue, New York, NY, 10017
Telephone: 212-294-8500

Ionic Capital Management LLC is a large advisory firm based in New York. It manages $2.54 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2011.

Ionic Capital Management provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ionic Capital Management: assets under management

The assets under management (AUM) of Ionic Capital Management LLC is $2.54 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and $2.5 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.54 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $115.63 million each.

Ionic Capital Management has custody of $2.51 billion in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ionic Capital Management LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ionic Capital Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Ionic Capital Management is pooled investment vehicles with 21 clients and $2.5 billion of assets under management. Among the 10 most similar advisory firms, Ionic Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.54 billion for 22 clients. 73% of the firm’s clients are foreign persons or businesses.

Ionic Capital Management also advises several private funds. Namely, eight hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $100,000,000.

Careers at Ionic Capital Management LLC

The company employs 39 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bart Ethan Baum	Principal, portfolio manager, chief investment officer	1 May 2006	Other	2320554
Adam Stephen Radosti	Principal, portfolio manager	1 May 2006	Other	2405131
Daniel Lazard Stone	Principal, portfolio manager, chief risk officer	1 May 2006	Other	2161844
John Christopher Richardson	Chief operating officer and general counsel	1 Aug 2006	Other	5889359
Arthur Vaccarino	Chief technology officer	1 Aug 2006	Other	5889906
Daniel Moshe Aharon	Chief financial officer	1 Aug 2006	Other	5889815
Ionic Capital Management Llc	General partner of ionic capital partners lp	1 Nov 2006	Other	156400
Bart Ethan Baum	Limited partner of ionic capital partners lp	1 Nov 2006	Other	2320554
Adam Stephen Radosti	Limited partner of ionic capital partners lp	1 Nov 2006	Other	2405131
Daniel Lazard Stone	Limited partner of ionic capital partners lp	1 Nov 2006	Other	2161844
Douglas Joseph Mallach	Chief administrative officer	1 Nov 2008	Other	2164051
Ionic Capital Management Holdings Lp	Sole member of ionic capital management llc	1 Feb 2011	75% - 100%	68-0629832
Ionic Capital Management Holdings Lp	Limited partner of ionic capital partners lp	1 Mar 2012	25% - 50%	68-0629832
Ica Holdco Llc	Sole member of ionic capital advisors llc	1 Mar 2012	75% - 100%	68-0629834
Kevin S Zadourian	Chief compliance officer, associate general counsel	1 Mar 2012	Other	4214028
Steven Gerard Vecchio	Chief compliance officer and associate general counsel	1 Apr 2013	Other	6185947
Matthew Griffin Begley	Chief financial officer	1 Feb 2014	Other	6318160
Lawrence Joseph Baum	Chief risk officer	1 Jul 2015	Other	4673006

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bart Ethan Baum	Limited partner	1 Feb 2011	25% - 50%	2320554
Adam Stephen Radosti	Limited partner	1 Feb 2011	25% - 50%	2405131
Daniel Lazard Stone	Limited partner	1 Feb 2011	25% - 50%	2161844
Ionic Holdco Gp Llc	General partner	1 Feb 2011	Other	27-5012035
Adam Stephen Radosti	Managing member	1 Mar 2012	25% - 50%	2405131
Bart Ethan Baum	Managing member	1 Mar 2012	25% - 50%	2320554
Daniel Lazard Stone	Managing member	1 Mar 2012	25% - 50%	2161844

Based in New York

The principal office where Ionic Capital Management LLC performs its advisory services is located at 475 Fifth Avenue, New York, NY 10017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-294-8500 or by fax 212-294-8501. The normal business hours are 8:00 a.m. to 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at ioniccap.com.